Clarkston Capital Partners LLC Reduces Stake in Capital One Financial Co. (NYSE:COF)

Clarkston Capital Partners LLC cut its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,091 shares of the financial services provider's stock after selling 17,201 shares during the quarter. Capital One Financial makes up approximately 0.9% of Clarkston Capital Partners LLC's portfolio, making the stock its 28th biggest position. Clarkston Capital Partners LLC owned 0.07% of Capital One Financial worth $46,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. increased its position in shares of Capital One Financial by 3.2% during the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after buying an additional 331,595 shares during the period. Geode Capital Management LLC lifted its holdings in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. Bank of New York Mellon Corp grew its stake in Capital One Financial by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider's stock worth $715,179,000 after purchasing an additional 304,833 shares during the period. Finally, Norges Bank bought a new stake in shares of Capital One Financial in the 4th quarter valued at $590,279,000. Institutional investors own 89.84% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Hsbc Global Res upgraded Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $206.73.

Capital One Financial Trading Down 1.6 %

NYSE:COF traded down $2.61 during trading hours on Friday, reaching $159.56. The company's stock had a trading volume of 2,375,236 shares, compared to its average volume of 3,030,321. The firm has a 50-day simple moving average of $182.96 and a 200-day simple moving average of $179.02. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.19 and a beta of 1.24.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company earned $2.81 EPS. Capital One Financial's revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.50%. Capital One Financial's dividend payout ratio is currently 20.71%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.